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ZONGMU TECHNOLOGY
ZongMu Technology
Self-driving cars / autonomous driving technology · Shanghai · China · Founded · 2013 · ≈ · 901 · employees

ZongMu Technology Funding — Last Valued at $11B

Private

ZongMu Technology has raised $361.5M across 2 funding rounds, plus 1 undated round. The latest round valued ZongMu Technology at $11B post-money, with Hubei Xiaomi Changjiang Industrial Investment Fund Management, Cowin Capital, Goayuan Capital, Denso Corporation on the lead line.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
ZongMu Technology funding · at a glance
Total raised, all rounds
$361.5M
sum of disclosed sizes
Funding rounds
2
plus 1 undated round
Latest round
$11B
post-money · Jul 2021
Lead on that event
Hubei Xiaomi Changjiang Industrial Investment Fund Management
lead investor
2021
About ZongMu Technology

ZongMu Technology is backed by Xiaomi, one of the investors behind its self-driving software and hardware business, which reached an enterprise valuation of 8.5 billion RMB on the 2024 Hurun Global Unicorn List.

Funding timeline

The ZongMu Technology funding timeline

2 funding rounds, the latest highlighted.

2013
ZongMu Technology founded

ZongMu Technology was founded in 2013, China.

UNDATED
Series E

No date is disclosed for this round.

JUL 2019
Series C

A primary round — the company sells new shares to investors it selects. $14.5M raised.

Valuation basisAmount$14.5MPrice / shareLead
JUL 2021LATEST
Series D at $11B post-money

A primary round — the company sells new shares to investors it selects. $190M raised, led by Hubei Xiaomi Changjiang Industrial Investment Fund Management, Cowin Capital, Goayuan Capital, Denso Corporation.

Valuation basispost-moneyAmount$190MPrice / shareLeadHubei Xiaomi Changjiang Industrial Investment Fund Management, Cowin Capital, Goayuan Capital, Denso Corporation
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

ZongMu Technology funding rounds in full

2 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Series D LATEST
Jul 2021
$190M
$11Bpost-money
—
Hubei Xiaomi Changjiang Industrial Investment Fund Management, Cowin Capital, Goayuan Capital, Denso Corporation
—
Series C
Jul 2019
$14.5M
—
—
—
—
Series E
—
$157M
—
—
Dongyang State-Owned Assets Investment Co., Zhejiang Caitong Capital Investment Co.
—
ZongMu Technology · investors

Investors

DDongyang State-Owned Assets Investment Co.LEADZZhejiang Caitong Capital Investment Co.LEADHHubei Xiaomi Changjiang Industrial Investment Fund ManagementLEADCCowin CapitalLEADGGoayuan CapitalLEADDDenso CorporationLEADXXiaomi

Frequently asked questions

Is ZongMu Technology publicly traded?›

No. ZongMu Technology is a private company; its shares do not trade on a public exchange.

What is ZongMu Technology's valuation?›

The last valuation is $11B.

Who has invested in ZongMu Technology?›

Lead investors for each round are in the funding timeline.

Who are ZongMu Technology's competitors?›

The closest self-driving cars / autonomous driving technology peers are on the competitors page.

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